First carbon auction of the year set to be a non-event

One question for the carbon market will be whether the Climate Change Commission will take a different approach under new chairwoman Dame Patsy Reddy. (Image: NZME)

Ian Llewellyn

Tue, 18 Mar 2025

The first carbon auction of 2025 looks likely to have no successful bids due to low carbon prices.There are 1.5 million New Zealand Units (NZUs are a proxy for one tonne of carbon emissions) up for sale on Wednesday with an auction floor price of $68.Secondary market prices have been around the $60 mark making it unlikely anyone will be desperate enough to pay a premium, either to settle obligation under the emissions trading scheme or as an investment.Lizzie Chambers, who runs the Carbon Match trading platform, said recently that it seemed unl...

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